Bay Property Management Group

NOVEMBER 26, 2024

Whether your family is growing or you must relocate for work , you may have to break your lease early. For instance, you can give proper notice and also find someone to take over your lease. Today, we’ll go through the process of transferring your lease to a new tenant and tips for finding the right candidate.

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Bay Property Management Group

JANUARY 14, 2025

For example, websites like TurboTenant offer tenant screening online, which saves you time and gives you a more thorough feel for your records. Strengthen Your Rental Application Many times, people get evicted because they haven’t paid the rent. This will show that you’re a great and reliable tenant.

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Bay Property Management Group

JANUARY 19, 2025

Today, we proudly introduce David Rosenfeld, Senior Leasing Agent for BMG. Meet David Rosenfeld, Senior Leasing Agent In David’s role as a senior leasing agent, he finds qualified renters to place in properties throughout Baltimore City and County. But he doesn’t stop there.

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Lease Property Management Property Manager Management 130

Lula

MARCH 13, 2024

A lease renewal is the process of establishing a new rental agreement with the current tenants. If the landlord or property manager is happy with the tenants and the tenants are happy with the home, it makes sense to re-up and keep the relationship going. What If You Don’t Want to Renew a Tenant’s Lease?

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Bay Property Management Group

DECEMBER 12, 2024

Working to successfully attract long-term tenants is often more challenging than it seems. From time to time, landlords may be plagued with tenant turnover, despite their best efforts.While its hard to predict whether a tenant will stay long-term at the outset, certain factors can help increase the chances of tenant longevity.

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Rental Housing Journal

DECEMBER 15, 2024

Multifamily applicant fraud is becoming a widespread challenge for the industry as fraudsters become more inventive, according to the State of Applicant Fraud Report from Snappt , an AI document-fraud-detection company for multifamily property managers. ” To read the report, visit www.snappt.com/blog/applicant-fraud-report.

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Applications Applicants Property Management Property Manager 98

Beach Front Property Management

SEPTEMBER 26, 2024

A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. Why Are Lease Clauses for Landlords Required Clear communication is essential in any business, and a well-written contract removes uncertainty. Numerous websites offer customizable lease templates that let you tailor clauses.

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Real Property Management Chicago

SEPTEMBER 13, 2024

Acquiring a rental property with existing tenants is not only a convenient choice, but also a great opportunity. Skipping renovations, advertising, and tenant screening is just the start of the advantages. That said, it’s vital to understand that purchasing a property with tenants already living there comes with its own challenges.

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Buildium

JANUARY 10, 2025

Managing multifamily properties comes with its own set of challenges, from dealing with multiple leases for the same property and maintaining different types of units and common areas, to managing frequent tenant turnover and tenant relationships within a property. All these factors add complexity to the job.

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Bay Property Management Group

DECEMBER 5, 2024

Unfortunately, you may face penalties for breaking a lease. As such, weve mapped out what those consequences entail, how to possibly reduce them, and instances when you can break a lease without a penalty altogether. What Are the Penalties for Breaking a Lease? Read below for more information.

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American Apartment Owners Association

NOVEMBER 27, 2024

A Seattle landlord has sued the City of Seattle alleging a number of laws passed in the name of tenant protections in the last few years have financially strapped his affordable housing units, according to the Seattle Times. Source: Rental Housing Journal The post Seattle Landlord Sues The City Over Tenant Rules appeared first on AAOA.

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American Apartment Owners Association

DECEMBER 16, 2024

A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. Generally, landlords must provide at least 24 hours notice before entering, respecting tenants privacy and adhering to specific state laws regarding entry reasons and times. Privacy Both landlords and tenants have the right to privacy.

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American Apartment Owners Association

AUGUST 7, 2022

Evicting a tenant is never easy, but it can be an unfortunate part of your job as a landlord. Your tenants have rights and any violation of them could extend the eviction process longer than it should. Keep reading to understand how and when to (properly) evict a tenant. When should you evict a tenant?

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Real Property Management Chicago

DECEMBER 20, 2024

Fortunately, a few basic, effective strategies can significantly keep residents happy and willing to renew their leases year after year. Invest in Thorough Tenant Screening Of course, finding renters who will take good care of your property is difficult to accomplish.

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American Apartment Owners Association

SEPTEMBER 19, 2024

Can a tenants past behavior predict how they will act in the future? To facilitate the process, be sure to use the AAOA Application to Rent-Comprehensive found in our free forms library. This application contains spaces for three past landlords and their contact information, dates of occupancy, monthly rent and reason for moving.

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Bay Property Management Group

DECEMBER 30, 2024

You must stay on top of the house repairs, keep an open line of communication with tenants, and ensure the property meets all legal and safety requirements. Heres some of the main landlord-tenant laws you need to keep in mind : Maintenance: You are legally obligated to keep your rental property habitable.

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Bay Property Management Group

JANUARY 9, 2025

You Need the Following… Proof of Identity Income Verification Credit History and Score Rental History Security Deposit First and Last Months Rent Application Fees Personal References Background and Credit Checks Proof of Identity Property managers in Philadelphia typically require tenants to go through an approval process.

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Real Property Management Evertrust

JANUARY 9, 2025

The advancement of modern tech has rendered property management more efficient, accessible, and responsive, from automating routine tasks to enhancing tenant communication. Tenant Portals Simplify Communication and Payments The period of collecting paper checks or cash from your renters has ended.

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Yardi Breeze

DECEMBER 6, 2024

This lets tenants mail checks to a lockbox that Yardi sets up and monitors on your behalf. If I upgrade from Breeze to Breeze Premier, do tenants have to create new RentCafe profiles, reconnect bank accounts, etc.? Does Yardi support paying a tenant through EFT using the accounts payable module?

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Bay Property Management Group

JANUARY 19, 2025

In other words, the tenant could pay a prorated rent, an amount that reflects the number of days you’ve lived in the rental. Experienced property management companies in Baltimore and elsewhere offer this as an option when tenants move in/out midway through the month. Furthermore, it can foster tenant loyalty.

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American Apartment Owners Association

JANUARY 9, 2025

Theres immense value to the ability to schedule recurring payments, automatically apply late fees to tenants accounts, and connect both parties banks to streamline each months rent payments. Leasing A sufficient understanding of state and local laws regarding lease agreements. What can property management software do?

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BetterWho

OCTOBER 4, 2024

This isn’t just another regulatory issue; it sets new expectations for transparency, tenant relations, and operational fairness. If you’re a property manager, this lawsuit serves as a stark reminder of the growing scrutiny on how property management companies handle tenants and fees.

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Bay Property Management Group

JANUARY 1, 2025

Tenants dread evictionsand for a good reason. Furthermore, when your landlord goes through the tenant screening process, they likely will access your rental history report. In turn, that damaged credit score can impact your rental application. Contact us today to speak to one of our dedicated leasing agents.

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Bay Property Management Group

DECEMBER 9, 2024

Key Takeaways Seasonal Trends Affect Rental Prices and Availability – Renting during the slow season (OctoberMarch) often offers better deals, such as lower rent, move-in specials, and flexible lease terms, while the busy season (AprilSeptember) provides more options but comes with higher competition and increased prices.

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Real Property Management Evertrust

OCTOBER 7, 2024

New landlords often face a steep learning curve, especially when it comes to managing tenants, maintaining property, and navigating legal requirements. Failing to Properly Screen Tenants The Mistake: Many new landlords are so eager to fill their rental units that they skip or rush through tenant screening.

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Rental Choice

DECEMBER 31, 2024

Since these days are usually the busiest in the year, it may impact the priorities of both landlords and tenants, causing delays in handling holiday rent. Even if tenants try to initiate their rent payments, the bank cannot process them until the next business day. What Can Landlords Do?

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Real Property Management Enterprises

FEBRUARY 8, 2024

It can be difficult to apply for a single-family rental, and the best rental homes frequently draw a large number of applicants. It can be difficult to make your application stand out from the others because of the high demand, which frequently makes the application process very competitive.

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Applications Applicants Single-Family Home Landlord 52

BetterWho

DECEMBER 6, 2024

AI in Property Management: A Double-Edged Sword Artificial intelligence (AI) is transforming the property management industry, streamlining tasks like tenant screening, marketing, and rent collection. This blog explores how AI can improve property management while safeguarding tenant rights, offering actionable advice for property managers.

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Real Property Management Chicago

OCTOBER 29, 2021

A key to keeping rental vacancies low is to find (and keep) good tenants. However, things might not always work out between you and your tenant. In such cases, one of the best ways to end your current lease is through non-renewal. Eviction is the legal process through which a landlord may remove a tenant from a rental property.

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Lease Tenant Property Management Property Manager 130

MRI Software

SEPTEMBER 3, 2024

Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Read on to learn about the pros and cons of lease renewal fees. What is a lease renewal fee?

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Bay Property Management Group

DECEMBER 23, 2024

A property manager, on the other hand, handles day-to-day operations, including tenant relations, rent collection, and ensuring compliance, acting as an intermediary on behalf of the landlord. A landlord is a person who owns property that they lease to another party in exchange for rent. What Is a Landlord?

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California Leasing & Management

JANUARY 2, 2025

At California Leasing Property Management, we understand the unique needs of property owners in Santa Clarita and the surrounding areas. Whether you need our Lease Only service or opt for the more extensive Full Service package, we have the tools and expertise to help you succeed. However, with Full Service, we dont stop there.

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Lease Agreement Lease Property Management Property Manager 103

Esquire Property Management Group

OCTOBER 9, 2024

This new law mandates that landlords and their representatives—across all commercial sectors, including office, industrial, and retail—adapt their leasing practices when engaging with a newly classified category of tenants known as “qualified commercial tenants.”

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Real Property Management Chicago

NOVEMBER 30, 2017

Different landlords have different application requirements, but many are expecting very similar things from applicants before they sign a lease. Before you apply, call the property management company or landlord to ask about their application criteria. Get ready to apply by following these simple tips!

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Bay Property Management Group

DECEMBER 11, 2024

Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. Rising Turnover and High Vacancy Rates High turnover rates can be caused by a multitude of factors such as tenant dissatisfaction with property management or other external reasons like a job transfer.

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Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Core features are essential for the daily management of your properties and might include tenant management, maintenance management, and financial accounting.

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Nest DC

MARCH 28, 2023

It’s a property owner’s worst nightmare: you’ve signed a lease with a tenant, but they aren’t who they say are, may not be paying rent, and you can’t get them out without going through DC’s incredibly rigid eviction process. You should always give an applicant time to provide additional information when needed.

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